HomeMy WebLinkAboutSummary FormDate: 05/19/08
AGENDA ITEM SUMMARY FORM
FILE ID: 66 -MVO
SP.2
Requesting Department: Community Development
Commission Meeting Date: 06/05/08 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance [ Discussion Item
❑ Other
Subject: Section 8 Funding: 2008-2009
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF SECTION 8 MODERATE REHABILITATION HOUSING
PROGRAM FUNDS, IN THE AMOUNT OF $4,307,482.27 FOR RENTAL ASSISTANCE, AND IN
THE AMOUNT OF $437,546.80 FOR PROGRAM ADMINISTRATION, FOR A TOTAL AMOUNT OF
$4,745,029.07, FROM FISCAL YEAR 2008 ANNUAL CONTRIBUTIONS FROM THE UNITED
STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE
Background Information:
The City of Miami has 416 units under Section 8 contracts.
The United States Department of Housing and Urban Development has advised the City of Miami
that the projected allocation for the Section 8 Moderate Rehabilitation Housing Program, in the
amount of $4,745,029.07, is available from Fiscal Year 2008 annual contributions.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. D'
Chief City Manager
Final Approvals
(SIGN AND DATE)
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